eBay (NASDAQ:EBAY) Stock Price Up 0.6% on Analyst Upgrade

Shares of eBay Inc. (NASDAQ:EBAY) shot up 0.6% during trading on Tuesday after UBS Group raised their price target on the stock from $72.00 to $73.00. UBS Group currently has a neutral rating on the stock. eBay traded as high as $67.02 and last traded at $66.75. 1,627,727 shares changed hands during trading, a decline of 67% from the average session volume of 4,956,697 shares. The stock had previously closed at $66.32.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley reduced their price target on shares of eBay from $71.00 to $70.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Citigroup reduced their price target on shares of eBay from $80.00 to $79.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Benchmark boosted their price target on shares of eBay from $65.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Sanford C. Bernstein downgraded shares of eBay from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $70.00 to $65.00 in a research note on Tuesday, April 22nd. Finally, Susquehanna boosted their price target on shares of eBay from $60.00 to $65.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $64.83.

Insider Buying and Selling

In related news, CEO Jamie Iannone sold 5,625 shares of eBay stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $67.25, for a total transaction of $378,281.25. Following the completion of the transaction, the chief executive officer now directly owns 530,998 shares in the company, valued at $35,709,615.50. The trade was a 1.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Cornelius Boone sold 3,958 shares of eBay stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $67.06, for a total value of $265,423.48. Following the transaction, the senior vice president now owns 94,392 shares of the company’s stock, valued at $6,329,927.52. This represents a 4.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 46,310 shares of company stock worth $3,121,626 in the last ninety days. Insiders own 0.38% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC raised its holdings in eBay by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 53,580 shares of the e-commerce company’s stock valued at $3,489,000 after acquiring an additional 1,063 shares during the last quarter. Kestra Investment Management LLC raised its holdings in eBay by 172.5% in the 4th quarter. Kestra Investment Management LLC now owns 11,175 shares of the e-commerce company’s stock valued at $692,000 after acquiring an additional 7,074 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of eBay by 5,091.9% during the 4th quarter. Van ECK Associates Corp now owns 142,051 shares of the e-commerce company’s stock worth $8,800,000 after buying an additional 139,315 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of eBay by 35.1% during the 4th quarter. Jones Financial Companies Lllp now owns 8,121 shares of the e-commerce company’s stock worth $503,000 after buying an additional 2,110 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of eBay during the 4th quarter worth $8,644,000. 87.48% of the stock is currently owned by institutional investors and hedge funds.

eBay Trading Up 1.4 %

The firm has a market capitalization of $31.76 billion, a price-to-earnings ratio of 17.13, a P/E/G ratio of 2.22 and a beta of 1.43. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The business has a fifty day moving average price of $65.92 and a 200 day moving average price of $65.00.

eBay (NASDAQ:EBAY) last released its quarterly earnings data on Wednesday, April 30th. The e-commerce company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.55 billion. eBay had a return on equity of 30.97% and a net margin of 19.68%. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.25 EPS. As a group, equities analysts forecast that eBay Inc. will post 3.86 earnings per share for the current year.

eBay Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.70%. eBay’s payout ratio is 29.07%.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.